what would you have done as P.M. during the great depressiom.?

Question

1) What would have helped Canadian?
2) How would you solved the G.D.?

You have Power, you are P.M. (Prime Minister) at this time during the 1930's.

Answer 1

Hey Mitsuki! Fine, I'll answer your question... *pouts* joking! I'd love to!!! Anyways...

1) How would i have helped Canadians... Well, I might have given them some money in small amounts if they needed it (like if they were unemployed or needed food or clothes..), or i might have tried to set up organizations and groups to helps people help themselves, like food banks shelters.

The PM back then helped out people by giving them money (say about $5.00) out of his own earnings. So generous! He didnt use any of the tax payers money, and used his own to help people.

You could also do a whole lot of other things.. anyways, ill leave the rest up to you:P

2) Great Depressions are very hard to solve. They happens when there is not enough money going into the economy. So you can work on that issue by maybe putting more money into the economy.

Well there were plans to get more money into the economy by giving people more money to spend. One of the parties back then (Social Credit) promised to give citizens around $20 to spend EVERY MONTH. Well now it might not seems like a lot, but back then it was a big deal.

Lots of other ways to!

Hope this has helped, and Good Luck!

^_^

Answer 2

Increase the money supply. I think given the circumstances the Social Credit party's idea of giving everyone a cheque made perfect sense. There would have been no quicker way to boost liquidity at the time. I'm sure it would have been inflationary to a degree, but nowadays it's conventional wisdom that some inflation is not necessarily a bad thing.